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Hudson Hill Capital, a private investment firm, has acquired majority stakes in Global Transport Logistics Inc. and Am Trans Expedite Inc. to form Fusion Transport.
Fusion Transport will be a logistics holding company, Hudson Hill officials said.
Terms of the deal were not disclosed.
The merger will create a national logistics network, focused on retail consolidation, less-than-truckload shipping and multimodal transportation brokerage, Hudson Hill officials said.
Headquartered in Glen Rock, N.J., Global Transport operates a retail-vendor consolidation service, with dedicated warehouses in New Jersey, Texas and California. Through this network, Global Transport consolidates LTL shipments from multiple vendors for weekly truckload delivery, according to Hudson Hill. The company consistently delivers freight to Walmart, Target, Dollar General and other major retailers with well over 90% on-time compliance, according to Hudson Hill.
Global Transport was founded in 1995. In 2008, the company developed a pooled LTL program leveraging dedicated capacity secured from the U.S. Postal Service. In 2011, it began moving food and packaged goods into retail distribution networks on behalf of several large manufacturers.
On a combined basis, Fusion Transport will launch a fourth consolidation point in Illinois in the third quarter of this year.
Am Trans, based in Addison, Ill., has a fleet that includes more than 300 pieces of equipment, according to Hudson Hill. Am Trans moves “challenging” cargo, including expedited and overweight freight.
Am Trans was founded in 2002 as a non-asset transportation broker handling truckload shipments along with LTL, partial, expedited and overdimensional freight. Beginning in 2015, the company combined brokered third-party capacity and an internal fleet. — Transport Topics